| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Al-Andalus Property company is pleased to announce the results of the 17th Ordinary General Assembly (First Meeting). |
| City and Location of the General Assembly's Meeting | The Ordinary General Assembly has been held remotely via modern technology. |
| Date of the General Assembly's Meeting | 2023-05-07 Corresponding to 1444-10-17 |
| Time of the General Assembly's Meeting | 19:00 |
| Percentage of Attending Shareholders | 53.31 % |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | The meeting was attended by the following members of the Board of Directors:
1.Mr. AbdulSalam bin Abdul Rahman Al-Aqil (Chairman of the Board). 2.Eng. Saleh bin Muhammad Al Habib (Vice Chairman) 3.Mr. Ahmed bin Abdul Rahman Al-Mousa (Board Member) 4.Mr. Mohammed bin Abdul Mohsen Al-Zakri (Board Member). 5.Dr. Abdul Rahman bin Muhammad Al-Barrak (Board Member) 6.Dr. Sulaiman bin Ali Al-Hudhaif (Board Member). 7.Mr. Emad bin Hamoud Al-Otaibi (Board Member). 8. Mr. Abdullah Abdulaziz Al Mishaal (Board Member). |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | The meeting was attended by the following committees chairmen:
1.Dr. Abdul Rahman bin Muhammad Al-Barrak (Chairman of Audit Committee) 2.Dr. Sulaiman bin Ali Al-Hudhaif (Chairman of Nomination and Remuneration Committee) |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1. The report of the Board of Directors for the fiscal year ending on December 31, 2022 were reviewed and discussed.
2. Approval of the company's auditor's report for the fiscal year ending on December 31, 2022 AD, after discussing it. 3. The financial statements for the fiscal year ending on December 31, 2022 AD were reviewed and discussed. 4. Approved on discharging the board members from liability for the fiscal year ending on 31/12/ 2022 AD, 5. Approved on appointment of AlFozan & Partners KPMG (Certified Public Accountants) to be the auditor of the Company’s accounts from among the names recommended by the Audit Committee to examine, review and audit the financial statements for quarter 2, quarter 3, and the annual statements of the fiscal year 2023, and those of quarter 1, 2024, and determine its fees. 6. Approved on authorizing the Board to pay semi-annual or quarterly dividends for the fiscal year 2023. 7. Approved on payment of SAR 2,519,333 as bonus to the board of directors for the fiscal year ending on 31/12/ 2022 AD. 8. Approved on delegating the Board of Directors with the powers of the Ordinary General Assembly with the authorization contained in Paragraph (1) of Article 27 of the Companies Law, for a period of one year from the date of approval of the General Assembly or until the end of the session of the delegated Board of Directors, whichever is earlier, in accordance with the conditions stipulated in the executive regulations. The corporate system for listed joint stock companies. 9. Approved on delegating the Board of Directors with the powers of the Ordinary General Assembly with the authorization contained in Paragraph (2) of Article 27 of the Companies Law, for a period of one year from the date of approval of the General Assembly or until the end of the session of the delegated Board of Directors, whichever is earlier, in accordance with the conditions stipulated in the executive regulations. The corporate system for listed joint stock companies. And related to the activity of real estate development, building and construction, real estate, and leasing. |
| Additional Information | For any inquiries, please contact the Investor Relations Department, 8001111771, Ext. 888 , Email : IR@alandalus.com.sa |
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